My partner and I swapping mortgage lender for our maisonette in Canonbury with Skipton. We have a son approaching twenty who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this form unique to the Skipton conveyancing panel as he never had to sign this form when we bought 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Skipton conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Skipton. This is solely used to protect Skipton if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Skipton had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Will our lawyer be raising questions regarding flooding as part of the conveyancing in Canonbury.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Canonbury. There are those who acquire a property in Canonbury, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, but there are a various searches that may be undertaken by the buyer or by their solicitors which can figure out the risks in Canonbury. The conventional set of completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual question of the owner to find out whether the premises has historically flooded. In the event that flooding has previously occurred which is not revealed by the vendor, then a buyer may bring a claim for damages as a result of such an inaccurate answer. The purchaser’s solicitors may also carry out an enviro search. This will higlight whether there is any known flood risk. If so, more detailed investigations should be initiated.
It has been five months since my purchase conveyancing in Canonbury concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How simple is it to use your search facility to select a conveyancing practitioner in Canonbury on the approved list for my bank?
1st select a mortgage company such as Halifax, Chelsea Building Society or Bank of Ireland then choose your preferred area e.g. Canonbury. Conveyancing firms in Canonbury and beyond will then be listed.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Canonbury. I've discover a web site which seems to have the ideal solution If it is possible to get all this stuff completed via web that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My conveyancing in Canonbury is set to complete this Friday, but the couple I am buying from has asked to vacate the next day at midday. Can I accept this?
You can't complete on a Saturday due to the bank systems are not operational.